Board Member exec on women executives task force
Posted on November 16, 2009 at 12:13 pm
T.K. Kerstetter, CEO of Brentwood-based Board Member Inc., is one of eight people who have been named to a council that will advise the nonprofit InterOrganization Network on how to develop more women executives and board members.
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Lake Wobegon Medical Center welcomes you
Posted on November 9, 2009 at 2:47 pmA new survey by Health Affairs says 99 percent of hospital chairman think their facility provides above-average care. Its authors provide one interesting regulatory suggestion.
The large differences in board activities between high-performing and low-performing hospitals we found suggest that governing boards may be an important target for intervention for policymakers hoping to improve care in U.S. hospitals.
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The nightmare of unknown risks
Posted on October 30, 2009 at 10:02 am
Directors surveyed by locally based Corporate Board Member say they aren’t gravely worried about their CEOs’ ability to handle the challenges now facing their companies. What has many more of them staying awake at night is the idea that they don’t know what the next set of challenges will look like.
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Former local E&Y partner named to GreenBank board
Posted on October 28, 2009 at 2:03 pmBill Mooningham, who retired as partner in the Nashville office of Ernst & Young two years ago, has been elected to the board of Green Bankshares, the parent of Middle Tennessee’s 10th-largest bank by deposits.
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HCA director steps down for political run
Posted on September 25, 2009 at 12:30 am
Steve Pagliuca, a managing director of Bain Capital Partners and co-owner of the Boston Celtics, has resigned from the board of HCA after launching a run for the U.S. Senate seat held until recently by the late Ted Kennedy. Pagliuca had been on HCA’s board since the company went private three years ago.
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AmSurg exec elected to Canadian company’s board
Posted on at 12:14 amGene Overholt, a gatroenterology pioneer who has been medical director of AmSurg since 1992 and was a board member of the Nashville company until this past spring, has been elected to the board of CRH Medical, a Vancouver-based company (Toronto Ticker: CRM) that develops hemorrhoid treatments.
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Cracker Barrel’s Bonus Plan B
Posted on September 21, 2009 at 1:30 pm
The compensation committee of Cracker Barrel Old Country Store’s board recently scrapped the company’s Long-Term Performance Plan because of “the volatile operating and economic environment.” Instead, the restaurant chain’s top six execs received a total of almost $1.5 million in “interim discretionary awards.”
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UT’s HQ in Nashville?
Posted on August 26, 2009 at 7:12 amAt a brainstorming session Tuesday, University of Tennessee system officials and trustees discussed org charts and other strategic issues. When the topic came to the system’s perceived Knoxville-heavy tendencies, some trustees threw out the idea of moving its home office to Nashville. No go, said Interim President Jan Simek.
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Opening up the proxies
Posted on June 15, 2009 at 5:24 pmCue the fireworks: The rulemakers at the SEC have released a draft set of guidelines that would, in the words of the corporate and securities team at Bass Berry & Sims, “appear to significantly increase the likelihood of companies being involved in an actual or threatened proxy fight with multiple dissidents.”
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A substantial majority, but a message nonetheless
Posted on May 31, 2009 at 10:10 pm
The quest by dissident shareholder Bristol Capital to snag two seats on Advocat’s board fell short Friday, garnering a not insignificant 25.6 percent of the votes cast. A year ago, Bristol’s call for the board to pursue a sale received 14 percent of shareholders’ votes. Since then, the shares (Ticker: AVCA) have lost 70 percent of their value.
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Advocat investors push for board seats ahead of vote
Posted on May 19, 2009 at 8:24 amL.A.-based Bristol Capital, which has been critical of Advocat’s board for years over performance and compensation, makes its official overture to investors ahead of the company’s May 29 annual meeting. The short version: Bristol, which owns more than 7 percent of Advocat (Ticker: AVCA) says the company has “grossly indulgent compensation practices, ineffective management oversight and a Board that has become disconnected from stockholders and market realities.”
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Ten mill less for CHS execs
Posted on April 12, 2009 at 10:15 pmThe board of Community Health Systems has reduced this year’s pool of equity awards for the hospital company’s top managers by almost a third to $28 million. Search for ‘in evaluating.’
Echoing a Conference Board survey from late last year, CHS says one of the reasons is “the likely shift by many companies towards full value awards and away from non-qualified stock options.” That’s what Tractor Supply is doing.
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Pet DRx director resigns
Posted on December 23, 2008 at 3:32 pmZubeen Shroff, vice chairman of the board of the Brentwood-based operator of veterinary clinics, is stepping down to devote his attention to his private-equity duties. No word from the company (Ticker: VETS) on its response to a competitor’s offer to buy some of its clinics.
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